Global Packaging Machinery Market - Industry Trends and Forecast to 2029

Global Packaging Machinery Market Analysis and Size

Growing consumption of food and beverage items owing to the rising population is one of the major factors fostering the growth in the market value. Moreover, there increased focus on environmental conservation is inducing the growth in the adoption of manufacturing machinery that produces minimal waste. Major benefits of packaging equipment include convenient, cost-efficient, lightweight, safer distribution, customizable and innovative properties. Marchesini Group S.p.A. (Italy), OPTIMA packaging group GmbH (Germany), Videojet Technologies, Inc. (India), Muller LCS. (US), ISHIDA CO.,LTD (Japan) and GEA Group Aktiengesellschaft (Germany) are the some major players operating in this market.

• Data Bridge Market Research analyses that the packaging machinery market value, which was USD 46.69 billion in 2021, is expected to reach the value of USD 82.05 billion by 2029, at a CAGR of 7.30% during the forecast period. "Food and Beverage" accounts for the largest material segment in the packaging machinery market owing to the growth and expansion of food and beverage vertical, especially in the world's developing economies. The packaging machinery market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

Global Packaging Machinery Market Definition

From the name itself, it is clear that packaging machinery refers to equipment and apparatuses that facilitate packaging of different products using a wide range of materials. Packaging machinery is equipped with advanced technology and is fast, saves time and eliminates the probability of manual errors.  

Report Scope and Market Segmentation

Global Packaging Machinery Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Growth in investment for research and development to carve way for innovations

The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated packaging equipment/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to such packaging solutions.      

• Increased consumption of food globally to induce greater demand and supply in emerging nations  

It is well known that the global population is rising at an unprecedented rate. Consequently, there is a huge rise in food and beverage items demand and inclination of consumers towards online shopping. Rising trend of consuming ready-to-eat meals especially in the western economies, is leading to the rise in demand for convenient packaging solutions. Also, increasing demand of convenience foods due to changing lifestyle and busy schedule has further propelled the growth rate of the market.    

• Growth and expansion of end user verticals to present numerous opportunities for small scale businesses

Owing to the global economic rise, there is a huge scope of growth for the materials and packaging industry. Food service packaging solutions offer cost-effectiveness of packaging the products. Emphasis on modern technologies in packaging industry is directly proportional to the increasing demand for such packaging solutions.   

Rising urbanization, modernization, and globalization drive market value growth. Surging development in the flexible packaging solution, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products, and increased e-commerce industry's proliferation are other market growth determinants. Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising awareness about the benefits of flexible lid stock packaging solutions such as cost-effectiveness and increased product shelf-life will further expand the future growth of the market. 

• High costs

High costs associated with the initial investment or in other words, requirement of high initial capital investment will derail the market growth rate. Also, high operating and maintenance costs will further create challenges for the market.  

• Increased number of regulations to limit the scope of growth in the long run

Rising enforcement of stringent environmental regulations imposed on the industries regarding the packaging waste generated will create hindrances for the growth of the market. Also, stringent regulations on product approvals will narrow down the scope of growth for the market. Further, increased regulations imposed by the government on the application of plastic as a packaging material will yet again create hindrances.    

• Supply chain disruptions will pose a threat to the unprecedentedly growing market demand

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, fluctuations in the prices of raw materials will prove to be a demerit for the market. Therefore, this will challenge the market growth rate.    

Also, dearth of awareness in underdeveloped regions and large scale availability of alternatives will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies and rising awareness about the availability of alternative and eco-friendly packaging solutions will also challenge the market growth rate.

This packaging machinery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the packaging machinery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Packaging Machinery Market

The recent outbreak of coronavirus has slightly impacted the market. The trade restrictions and supply chain disruptions impacted the market demand and supply. The introduction of travel regulations proved to be a bane for the market. Also, huge decline in the demand for unnecessary and luxury products further challenged the market growth rate. Also, steep decline in the demand for consumer goods and electronics also created hindrances for the market.

Global Packaging Machinery Market Scope

The packaging machinery market is segmented on the basis of end user and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

End user

• Food and Beverage
• Pharmaceutical
• Chemicals
• Cosmetics
• Others

On the basis of end user, the packaging machinery market is segmented into food and beverage, pharmaceutical, chemicals, cosmetics and others

Type

• Filling Machines
• Form
• Fill and Seal Machines
• Cartoning Machines
• Palletizing Machines
• Labelling Machines
• Wrapping Machines
• Cleaning and Sterilizing Machines

Based on type, the packaging machinery market is segmented into filling machines, form, fill and seal machines, cartoning machines, palletizing machines, labelling machines, wrapping machines, cleaning and sterilizing machines.

Packaging Machinery Market Regional Analysis/Insights

The packaging machinery market is analysed and market size insights and trends are provided by country, end user and type as referenced above.

The countries covered in the packaging machinery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the packaging machinery market due to the substantial growth in consumption of packaging across every major country in this region.  

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Packaging Machinery Market Share Analysis

The packaging machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to packaging machinery market.

Some of the major players operating in the packaging machinery market are:

• Amcor plc (Australia)
• Dow (U.S.)
• Bemis Company, Inc. (U.S.)
• Westrock Company (U.S.)
• Sealed Air Corporation (U.S.)
• DS Smith (U.K)
• Huhtamaki Oyj (Finland)
• Berry Plastic Corporation (U.S.)
• Ball Corporation (U.S.)
• Genpak, LLC (U.S.)
• Union packaging (U.S.)
• Robert Bosch GmbH (Germany)
• Tetra Pak International S.A. (Switzerland)
• Coesia S.p.A. (Italy)
• Marchesini Group S.p.A. (Italy)
• OPTIMA packaging group GmbH (Germany)
• Videojet Technologies, Inc. (India)
• Muller LCS. (US)
• ISHIDA CO.,LTD (Japan)
• GEA Group Aktiengesellschaft (Germany)

Research Methodology : Global Packaging Machinery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-packaging-machinery-market

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